AP – A former Indiana businessman who served for years as National Lampoon’s chief executive was arrested Wednesday on charges he ran an elaborate Ponzi scheme that defrauded investors of more than $200 million to help fund a lavish lifestyle, including a $250,000 revamp of his luxury home’s garage.
Ind. businessman indicted, faces SEC fraud charges (AP)
Posted by Yahoo! News: Stock Markets News on March 16th, 2011